Hello all. I've avoided bankruptcy for 7 years now but due to divorce and paying uninsured medical bills for my daughter I am 25k in credit card debt. My debt to income ratio is 84%. The card companies are all starting to raise interest rates even though I'm current. Things are really tough but I can't face bankruptcy. Any ideas would be appreciated
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.